The communal bank “Vamos en Victoria” is made up of nine members, single mothers with 15 children under their responsibility and their ages range from 32 to 60 years old. All of the women are from the municipality of Sauce that is located in the northern part of the country. These women have been characterized as being hard-working and responsible. They have become acquainted with one another because they live in the same place, therefore they decided to take advantage of the method of grouping in a communal association in order to be able apply for the loan and help each other mutually with the financing.
All of the women have different activities like: the sale of live pigs, the sale of curds and the sale of milk, activities very typical of the region. The daily routine of these women is to get up at 4:00 in the morning to take advantage of the morning sales like the sale of milk and curds and their by-products. These are products that are usually needed in the early hours to send children, having had their breakfast, to school. Also, other members of the bank sell their products as street vendors and they get up very early, almost at nightfall, as they leave to sell outside of their community. For them it is a very hard life but it is their way of life and that of their families.
They are grateful for the opportunity that the Kiva lenders provide to people of limited resources and who are from poor countries like Nicaragua so that they can move forward and have a dignified way of life.
El banco comunal vamos en Victoria esta conformado por 9 integrantes, madres solteras con 15 hijos bajo su responsabilidad. Y comprenden entre las edades de 32 a 60 anos. Todas son Mujeres del municipio del Sauce que esta ubicado en la parte norte del país. Estas mujeres se han caracterizado por ser trabajadoras, responsables, se conocen entre si porque viven en el mismo lugar, por lo tanto decidieron aprovechar la modalidad de agrupación en asociación comunal para poder optar al crédito y ayudarse mutuamente con el financiamiento. Martha Melba es la cordinadora del banco la cual se encarga de la responsabilidad de cada unas de la integrantes para realizar sus pagos en tiempo y forma la actividad que desempena es la venta de cuajada, venta de leche actividades muy propias de la región. La rutina diaria de de Martha Melba es de levantar a las 4: 00 de la mañana para aprovechar las ventas de la mañana como es la venta de leche y cuajada y sus derivados son productos que por lo general se necesitan en horas tempranos para mandar a sus hijos desayunados a los colegios. y Tambien vende de forma ambulante desde muy temprano hasta casi el anochecer ya que sale a vender cuajada fuera de su comunidad. Para ella es muy dura la vida pero es su medio de vida y de sus familia. las integrantes del banco comunal Vamos en Victoria Agradecen la oportunidad que le brindan los prestamistas kiva a personas de escasos recursos y de países pobre como es Nicaragua para salir adelante y tener un medio de vida digno.
Fundación Leon 2000
This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.